AGP Executive Report
Last update: 6 hours agoGold Growth: Ora Banda produced 33,305 ounces in the September quarter and kept FY27 guidance, despite weather disruption and a mill shutdown. Its new 3Mtpa plant and Waihi mine are advancing, backed by A$207 million in cash and a larger credit facility. Bauxite Investment: Rio Tinto approved a $1.9 billion investment in Queensland’s Kangwinan project, adding 20 million tonnes of annual capacity at Weipa. First output is targeted for 2029. Coal Output: Whitehaven Coal reported record first-quarter production of 11 million tonnes, up nearly 22% year on year, with sales prices also higher. Copper Construction: Hudbay and Mitsubishi approved construction of the roughly $2 billion Copper World project in Arizona, which plans to create about 1,000 construction jobs. Mine Revival: Boroo has agreed to acquire Victoria Gold, owner of Yukon’s Eagle Gold mine, in a deal awaiting court approval; it expects to invest more than $1.5 billion in the operation. Namibia Outlook: The government cut its 2026 growth forecast to 2.3%, citing weaker mining revenue, including a steep fall in projected diamond taxes.
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